Shopping for Real Estate If You’re Buying If you’re looking for a home, and you have found something in your price range, there is no reason to wait – assuming you have done your research ahead of time. Here are suggested tasks for prospective home buyers at all phases in the home purchasing process. Organize […]
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August Luxury Home Report Costal Connecticut Read More »
Short Sales and Deeds in Lieu of Foreclosure You might be able to avoid a foreclosure by arranging for a short sale or a deed in lieu of foreclosure. Either of these options can help you prevent the lender from pursuing a deficiency judgment against you. A deficiency judgment is when the foreclosure sale fails
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It is easier to build strong children than to repair broken men. Frederick Douglass Kids should know what’s going on. You’re thinking about moving, there are lots of things that you might have to think about. One thing that is vital to consider is how your children feel about the move, and how that might
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Owning a home is a major financial milestone and the equity you build as a homeowner adds to your wealth. With these high inflation rates right now, owning your home and building your wealth is important. Why now could be a good time to start on your journey toward homeownership. A report from the National Association of Realtors (NAR) details several
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Buyers can compete in an intense seller’s market don’t overpay In a market characterized by sharp-elbowed buyers, paying too much for a house is a real threat. “When you see multiple people offering more than the asking price, that fear of missing out kicks in.” Smart buyer’s say, “As a buyer, you’ve got to be
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Land Development Congregate Housing Life Centers Tiny Homes Micro Apartments Zero Energy We Buy Land What the world needs now is housing that is affordable by design. There is a lot of talk about affordable housing in Connecticut. Government programs for assistance, deed restrictions the list of solutions
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Buyers May Face Less Competition as Bidding Wars Ease Here’s the news you’ve all been waiting for! Clear signs bidding wars are easing this year: According to the National Association of Realtors (NAR), the average number of offers on recently sold homes has declined considerably over the past few months (see graph below): This graph shows homes were seeing
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Home Prices Home prices Appreciate when home prices increase. Home prices Depreciate when home prices decrease. Home prices Decelerate when home prices continue to appreciate, but at a more moderate pace. Now the Talk We’re seeing deceleration today, meaning home prices are fighting to appreciate. In 2021, data from CoreLogic tells us home prices appreciated 15%. Earlier this year, that appreciation was
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Recessions and the housing market Economic recessions — and the response to them by the Federal Reserve — can affect the housing market in a number of ways. During a traditional recession, the Fed will usually lower interest rates. This creates an incentive for people to spend money and stimulate the economy. It also typically
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